St. Kitts and Nevis Citizenship by Investment.
► Why would someone need a Second Passport or Citizenship in St. Kitts and Nevis?
► No Government should have the sole Power over your Assets or your Life anymore!
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Citizenship in St. Kitts and Nevis is acquired under sub-section (5) of Section 3 of the Saint Christopher and Nevis Citizenship Act, 1984 (No.1 of 1984). This is the oldest Economic Citizenship program that has celebrated it’s 30th anniversary this year. In recent years this had become one of the most popular destinations for dual citizenship due to an excellent second passport you acquire, not just for travel purposes but tax wise due to absence of capital gains, wealth, inheritance and gift tax. There are other benefits in St. Kitts and Nevis citizenship but for sake of keeping this introduction short, I’ll jump to the requirements.
There are two ways to apply for St. Kitts and Nevis Citizenship. One is similar to Dominica where a Contribution to Sugar Industry Diversification Foundation (SIDF) is made and the second option is through real estate investment. We normally recommend the second option as it allows the applicant to sell your investment after a 5 year holding period making the programme cost less than Dominica. Some developments pay interest generally in the amounts of 2-4%. Not all of them guarantee this, but we know of one project that is launching at this time that guarantees 5% with number of other advantages which we can discuss further if would be of interest.
Min. Contribution to SIDF for a single applicant US$250,000 or US$300,000 for applicant with up to 3 dependents (spouse and two children).
Min. Investment in real estate is set at US$400,000. Additional expenses such as government tax for the main applicant ($50,000) and spouse ($25,000) and in case of children ($25,000) will apply.
In case of SIDF and Real Estate similar Background check, as in Dominica, is conducted on all applicants above the age of 16. The costs associated with this as well as the professional fee is paid separately to Laveco ltd. Once we know how many applicants are applying we will be able to provide more details on the expenses associated.
Mandatory real estate holding period is 5 years after which it can be sold to a new investor who will qualify for economic citizenship. If sold sooner, the citizenship is revoked.
Time to acquire citizenship in SKN is 6-8 months and it makes no difference under which option you apply. The time it will take to process your application will be the same.
Personal visit is NOT required or may be requested by Citizenship-by-Investment-Unit if there’s any confusion. We did not have such cases in the past 5 years.
Who we are?
LAVECO LTD. is a leading Business Consulting company, currently operating through 9 offices worldwide. Our services include ► Residency & Citizenship by Investment | Second Passport | Offshore Company Formation | Nominee services |Bank account opening |Company Administration |Tax planning
Our services include ► Residency & Citizenship by Investment | Second Passport | Offshore Company Formation | Nominee services | Bank account opening |Company Administration |Tax planning
Tel.: + 40-21-3116176
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